Apple Posts Q1 2019 Results

Back on January 2nd, I wrote a post about Apple revising its guidance for the first quarter of 2019. Today Apple announced their results.

Apple posted quarterly revenue of $84.3 billion, this is a decline of 5 percent from Q1 2018. Even with revenue being own, the earnings per share is up 7.5 percent, as compared to a year ago, to $4.18 per share

The iPhone’s revenue declined 15 percent, which is why Apple provided the revised guidance earlier this month. However, the revenue from the remaining products were up 19 percent. Services, which is one of the areas that Apple has wanted to highlight is up to $10.9 billion, or 19 percent. Revenue for the Mac was up 9 percent, while Wearables is up 33 percent.

The Wearables revenue is likely primarily driven by two products, the Apple Watch and AirPods. Additional wearables include the Beats headphone line and the HomePod.